XRP is exhibiting a breakout pattern reminiscent of 2017, with strong support near the $3 mark. Trading volume has surged by 31.42%, and derivatives open interest has increased by 7.46%, indicating heightened market activity. Analysts point to $3.05 as a critical resistance level, suggesting that a sustained move above this threshold could signal the start of a new bullish cycle. Current market data shows XRP trading at $2.61, with a 24-hour trading volume of $10.34 billion and open interest totaling $4.42 billion. The cryptocurrency's performance is being closely monitored as it approaches this pivotal resistance level.